GLWG vs. CMGG
GLWG (Leverage Shares 2X Long GLW Daily ETF) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds from Leverage Shares. GLWG is passively managed, while CMGG is actively managed. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
GLWG vs. CMGG - Performance Comparison
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Returns By Period
GLWG
- 1D
- 12.39%
- 1M
- 3.72%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMGG
- 1D
- 4.34%
- 1M
- -9.17%
- YTD
- -34.81%
- 6M
- -37.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLWG vs. CMGG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GLWG Leverage Shares 2X Long GLW Daily ETF | 91.93% |
CMGG Leverage Shares 2X Long CMG Daily ETF | -25.23% |
Correlation
The correlation between GLWG and CMGG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026 | 0.04 |
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Return for Risk
GLWG vs. CMGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) and Leverage Shares 2X Long CMG Daily ETF (CMGG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
GLWG vs. CMGG - Drawdown Comparison
The maximum GLWG drawdown since its inception was -39.12%, smaller than the maximum CMGG drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for GLWG and CMGG.
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Drawdown Indicators
| GLWG | CMGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.12% | -56.75% | +17.63% |
Current DrawdownCurrent decline from peak | -11.97% | -45.94% | +33.97% |
Average DrawdownAverage peak-to-trough decline | -13.36% | -23.52% | +10.16% |
Volatility
GLWG vs. CMGG - Volatility Comparison
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Volatility by Period
| GLWG | CMGG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 160.96% | 68.93% | +92.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 160.96% | 68.93% | +92.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.96% | 68.93% | +92.03% |
GLWG vs. CMGG - Expense Ratio Comparison
Both GLWG and CMGG have an expense ratio of 0.75%.
Dividends
GLWG vs. CMGG - Dividend Comparison
Neither GLWG nor CMGG has paid dividends to shareholders.
Frequently Asked Questions
GLWG and CMGG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLWG and CMGG have the same expense ratio: 0.75% per year.
GLWG and CMGG have nearly identical dividend yields, around 0.00%.
Find the right allocation for GLWG and CMGG
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